US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 07107
  5. Housing & Real Estate
Newark city, NJ

ZIP 07107 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07107

Median Home Value
$353,300
Median Rent
$1,131
Affordability Snapshot
$97,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,270/mo PITI).

27%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

26.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07107 in Newark city, NJ, a household would need roughly $97,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,270. That is about 94% above the local median household income ($49,892), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
32.7%-50% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
81.3%-7% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
12.6%-1% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
29.6%-41% vs US avg
x
Mortgage-Free
31.3%-18% vs US avg
x
$353,300
Home Value
$1,131
Rent
1957
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached13.7%
  • 1-unit attached12.6%
  • 2-9 units50.7%
  • 10+ units22.7%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$353,300
Median rent$1,131
Owner-occupied32.7%
Vacant5.0%
Price-to-income7.1x
Est. income to buy$97,000